Nicolas Sarkozy, French president, who holds the rotating EU President's Office, is a driving force for a new international financial order in a reoccurence of the current global financial crisis formulated to prevent. Sarkozy has outlined the EU's response to fluctuations in the stock market and the collapse of the bank, which calls for the establishment of a global system of regulation and a ban on banks with state money working through tax havens. Next week, Sarkozy is due to visit Beijing and isplans to invite both China and India to join efforts to help resolve and avoid working more financial turmoil. Sarkozy and Jose Manuel Barroso, European Commission president, told an Asia-Europe Meeting (ASEM) would be used to merge the two fast-growing export countries to urge the responsibility of stabilizing the world economy following the credit crisis. At this point, China and India are reluctant because they can not see many incentives to encourage them to doSun In this edition of Inside Story Erik Berglof, chief economist and special adviser to the President of the European Bank for Reconstruction and Development, Iain Begg, a professor at the European Institute, London School of Economics, and Mohan Guruswamy, chairman and founder Centre for Policy alternatives the presenter Sohail Rahman.
No comments:
Post a Comment